How am i taxed
But isn't it just a matter of paying taxes wherever I live?
No. You'll have income tax obligations to different countries, provinces, states, or even cities, depending on where you compete. Nobody likes to pay tax anywhere of course, but it's important that when you do pay tax, you only pay it to one place.
So I really do need professional advice?
Yes. Your needs as a professional athlete are unique to you, so it's important that you work with a professional who has the experience to satisfy those needs. Canada has tax treaties with many countries throughout the world, and at Crowe Soberman we have experience in dealing with them all. Over 100 athletes and coaches are our clients, and as well as the athletes themselves, we work with a wide range of contacts such as investment advisors, team personnel, agents, business advisors, bankers, and governmental agencies. So we can guide you through the entire process, keeping it as simple as possible for you — so that you can concentrate on your game.
Originally published on 10 Jul 2013
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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